Problem
1. Should u.s. antidumping laws be stated in terms of full production costs or marginal costs?
2. Which is a more restrictive trade barrier-an import tariff or an equivalent import quota?
3. Differentiate among sporadic, persistent, and predatory dumping.
4. A subsidy may provide import-competing producers the same degree of protection as tariffs or quotas but at a lower cost in terms of national welfare. Explain.